Campbell University

“Any relationships are in the normal course of business. Form 990, part vi, section a, line 4: on 5/6/21 the university filed articles of restatement for nonprofit corporation with the nc secretary of state changing the name from campbell university incorporated to campbell university.”

“Detailed review of the form 990 is completed by the university's executive assistant to the president, the asst vice-president for business and the comptroller. The university then provides draft copies of form 990 to all voting members of the board of trustees. The draft copy is emailed to all trustees. All members are requested to respond to the vice-president for business and treasurer confirming review and with approval for filing. This process is completed before submission to the irs.”

“Members of the board of trustees abstain from voting if the vote involves: 1) an entity in which the trustee has a material financial interest or in which the trustee is a general partner of a party to a transaction with the university; or 2) another entity of which the trustee is a board member or an officer and when the entity is a party to the transaction and the transaction is or should be considered by the board. Additionally, the university requests each member of its board of trustees complete a "conflict of interest disclosure questionnaire". These are reviewed by the vice-president for business and treasurer.”

“The president's compensation is reviewed annually by the executive committee of the board of trustees. An evaluation of the president's performance in all areas of responsibility is completed and documented. A comparison of performance between years is reviewed. External and published data from peer institutions is reviewed for reasonableness of compensation. Form 990, part vi, section b, lines 15b: the president of the university annually reviews compensation using published salary information compiled by the nc association of independent colleges and universities, the college and university professional association of human resources and other available sources for comparability. The budget is approved by the university's board of trustees.”

“Documents are retained in the office of the executive vice president/corporate secretary. The office is open during regular business hours. Documents are available upon request in person or upon written request.”

“Not made available to the public.”

“To graduate students with exemplary academic and professional skills who are prepared for purposeful lives and meaningful service. The university is informed and inspired by its baptist heritage and three basic theological and biblical presuppositions: learning is appointed and conserved by god as essential to the fulfillment of human destiny; in christ all things consist and find ultimate unity; and the kingdom of god in the world is rooted and grounded in christian community. The university embraces the conviction that there is no conflict between the life of faith and the life of inquiry.”

“Other program services include security provided to the community, university performing arts series, community relations expenditures, and payments to annuitants under charitable trust agreements.”

“Other changes in net assets: change in value of split-interest agreements (1,423,933) change in value of interest rate swaps 1,212,117 other adjustment (845,957) ============ total (1,057,773)”

“The university established a budget & finance committee. Chair of the audit committee serves as an ad hoc member of this committee. The chair of the budget & finance committee serves as an ad hoc member of the audit committee.”